Surety Bond Encyclopedia

Alcohol Ordinance Tax or Fee ($10,000) Bond - Town of Carrollton, AL in Alabama

Brief Summary

If you want to sell beer, wine or liquor inside the Town of Carrollton, the town wants a $10,000 tax bond on file before it signs off on your alcohol license. You pay a yearly premium for it instead of tying up $10,000 in cash, and the bond can usually be issued quickly once the town confirms the form it wants.

The Town of Carrollton in Pickens County requires a $10,000 Alcohol Ordinance Tax or Fee bond from businesses licensed to sell or distribute alcoholic beverages in town. The bond is payable to the Town of Carrollton and guarantees that the licensee will pay the license fees and alcohol taxes owed under the town's alcohol ordinance. Confirm the current bond form and filing steps with the Carrollton Town Clerk before the bond is issued.

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How to Apply for a Alcohol Ordinance Tax or Fee ($10,000) Bond:

  • Ask the Carrollton Town Clerk for the town's bond form or required bond wording.
  • Have the legal business name and location address exactly as they appear on the alcohol license application.
  • Provide the owner's name, home address and Social Security number for the credit review.
  • Complete the bond application and review the quoted premium.
  • Pay the premium and get the signed bond with the surety's power of attorney.
  • File the original bond with the Town Clerk along with the town alcohol license application.

Detailed Information About the Alabama Alcohol Ordinance Tax or Fee ($10,000) Bond:

What this bond covers

Alabama towns that allow alcohol sales usually charge their own license fee and collect local taxes on beer, wine and liquor sold inside town limits. The Alcohol Ordinance Tax or Fee bond is how the Town of Carrollton makes sure that money gets paid. If a licensee stops paying a license fee or local alcohol tax that comes due, the town can make a claim on the bond and the surety pays the town, up to $10,000. The licensee then owes the surety back.

Who posts it

The bond is posted by the business holding the alcohol license, whether that is a store, restaurant, lounge or a wholesaler delivering into town. Town approval is part of getting a state alcohol license from the Alabama Alcoholic Beverage Control Board, so the bond is normally filed with the Town Clerk at the same time you ask the town council to approve your application.

Before you buy

Carrollton does not publish its alcohol ordinance online. Call the Town Clerk and ask three things before the bond is written: whether the town has its own bond form, whether the $10,000 applies per location, and whether the bond has to stay in force for as long as you hold the license. Many Alabama towns require a separate bond for each licensed location, so a business with two locations should ask about that directly.

How the premium is set

You pay the surety a premium, not the full $10,000. The rate depends mainly on the owner's personal credit and the business's financial standing. Most applicants get a quote the same day.

Eligibility and Requirements for a Alabama Alcohol Ordinance Tax or Fee ($10,000) Bond:

  • Bond amount of $10,000.
  • Town of Carrollton, Alabama named as obligee.
  • Surety company authorized to write bonds in Alabama.
  • Business name and location on the bond matching the alcohol license application.
  • Bond kept in force for as long as the town license is held, unless the town says otherwise.

Alabama Alcohol Ordinance Tax or Fee ($10,000) Bond FAQs:

Is the $10,000 what I pay?

No. $10,000 is the most the surety would pay the town on a claim. You pay a premium, which depends on your credit and finances.

What triggers a claim on this bond?

Unpaid town alcohol license fees or local alcohol taxes. If the town cannot collect what it is owed from you, it can claim against the bond, and you must repay the surety for anything it pays out.

Does a state ABC Board license replace this bond?

No. The ABC Board license is a state license. The town bond secures fees and taxes owed to Carrollton, and the town can withhold its approval until the bond is on file.

Do I need one bond for each location?

Ask the Town Clerk. Many Alabama towns require a separate bond for each licensed location, so a business with more than one location in Carrollton should confirm this before buying.

Official and Additional Resources for the Alabama Alcohol Ordinance Tax or Fee ($10,000) Bond:

Alcohol Ordinance Tax or Fee ($10,000) in Other Alabama Locations

City of Athens, ALCity of Cullman, ALCity of Good Hope, ALCity of Moulton, ALCity of Oneonta, ALTown of Blountsville, ALTown of Cleveland, AL

All Alabama Alcohol bonds · All Town of Carrollton, AL bonds · All Alabama surety bonds